Hitting the wires now
- It’s inappropriate to re-appoint Kuroda as BOJ needs new leadership to acheive 2% inflation target
- Government and BOJ should share the goal of expanding nominal GDP to 600tn yen
- Says he would be willing to accept the role if offered
“If I was appointed, I will do the utmost and stake my life to defeat inflation”
Strong words indeed from PM Abe’s adviser Esturo Honda. Perhaps that behind some of this move in the yen, although these moves aren’t sudden.